'05 Setback, '06 Rebound
With the two recent hurricanes hitting the US in its most vulnerable spot — our carbon fuel supply, it doesn't take a genius to figure out that there are going to be some cutbacks and as well as setbacks. There will probably be a rise in unemployment in the short run. I am sure that this will somehow be blamed on Bush and his magical powers that he uses to control hurricanes, but that is a different subject. So, there will be setbacks in the short run, but there will be a rebound. Jobs will be created due to the reconstruction process, and those affected will have the ability to get back on their feet. Hopefully the growth that was predicted before the hurricanes will only be postponed and not eliminated. It's interesting to look back in history and see the effects of natural disasters. For the most part, there are immediate setbacks and growth is hampered in the short run, but the market bounces back and usually will compensate for the loss and will reverse itself shortly thereafter. What do you guys think?
Posted by Jasmine at 9/29/2005 04:32:00 PM